A Ripple Gateway

XAGATE is a Ripple Gateway operated in Ontario, Canada by Taylor Warden; CEO of 8569541 Canada Inc.
XAGATE offers access to cryptographically secure digital bearer bonds called IOUs. Ripple IOUs are stored over the Ripple Network, also known as the Internet of Value. Our Ripple IOUs are warehouse receipts redeemable for delivery of precious metals, cryptocurrencies, and fiat currencies.

XAGATE is a registered Money Services Business within Canada, we have launched an open source project named the QuickGatewayKit to encourage Gateway growth, an we also assist with securing the Ripple Network by operating a rippled validator. XAGATE has accomplished all of these goals within 14 months of operation since public beta opened Christmas 2014.

rGgS5Hw3PhSp3VNT43PDTXze9YfdthHUH is the Issuing Address to trust for XAG, XAU, XPT, XPD, BTC, LTC, NXT, and ETH IOUs. Please set trust to r3ADD8kXSUKHd6zTCKfnKT3zV9EZHjzp1S for CAD and USD IOUs.

XAGATE does not charge transfer fees for the usage of its assets over the Ripple Network. This is subject to change at any time. A grace period of 90 days occurs in which the transfer fee will not be in effect until after it has been announced to the community via the official Ripple forums and within the News section of our site.

Fee Schedule

Silver (XAG)

Deposits: 2% of total order for credit card option and 0.02 ozt flat rate per ozt for personal deposits. Deposits are not subject to any demurrage/storage fees.

Withdrawals: 10 XAG minimum withdrawal limit, nominal shipping fee for order greater than 50 XAG, all shipping expenses are the client's obligation to pay before withdrawal.

Gold (XAU)

Deposits: 0.499%. Deposits are not subject to any demurrage/storage fees.

Withdrawals: 0.499%. 5 XAU minimum withdrawal limit. All shipping expenses are the client's obligation to pay before withdrawal. Minimum and maximum limits may rise or fall depending on current market rates.

Platinum (XPT)

Deposits: 0.499%. Deposits are not subject to any demurrage/storage fees.

Withdrawals: 0.499%. 5 XPT minimum withdrawal limit. All shipping expenses are the client's obligation to pay before withdrawal. Minimum and maximum limits may rise or fall depending on current market rates.

Palladium (XPD)

Deposits: 0.499%. Deposits are not subject to any demurrage/storage fees.

Withdrawals: 0.499%. 5 XPD minimum withdrawal limit. All shipping expenses are the client's obligation to pay before withdrawal. Minimum and maximum limits may rise or fall depending on current market rates.

Bitcoin (BTC)

Deposits: Minimum deposits are 0.005 BTC. 0.5% plus 0.00025 BTC.

Withdrawals: 0.00025 BTC

Litecoin (LTC)

Deposits: Minimum deposits are 1 LTC. The service fee is 0.9% plus 0.0026 LTC.

Withdrawals: 0.0155 LTC

Nextcoin (NXT)

Deposits: Minimum deposits are 150 NXT. The service fee is 1.99% plus 1.5 NXT.

Withdrawals: 3NXT

Ethereum (ETH)

Deposits: Minimum deposits are 1 ETH. The service fee is 0.55% + 0.00035 ETH.

Withdrawals: 0.60 ETH

Canadian Dollar (CAD)

Deposits: 2$CAD (plus any applicable fees from your Bank)

Withdrawals: 2.50$CAD (plus any applicable fees from your Bank)

United States Dollar (USD)

Deposits: 5$USD flat rate (plus any applicable fees from your Bank). Minimum deposits must be at least 5$USD.

Withdrawals: 5$USD flat rate (plus any applicable fees from your Bank). Minimum withdrawal limit is 20$USD.

Resources and Other Services

  • Learn more about Ripples (XRP) at the XRP Portal
  • Here is a guide to create new Ripple accounts
  • Here is a list of resources for developers
  • XAGATE is the first Ripple Gateway to release a unique Cryptocurrency tied to a Loyalty Program
  • Click here to fetch financial stats such as the CAD/USD Exchange Rate and for XRP priced in both USD and CAD
  • This article explains how to access the QuickGatewayKit public Ripple Servers
  • XAGATE supports competition within the Ripple Gateway industry; Please visit QuickGatewayKit to get started developing your own Gateway or write me an email regarding your project for potential partnership opportunities, consultation, and/or technical writing services

Deposit Silver (XAG)

Do you already own silver and want to join the Ripple network?

You can deposit silver in exchange for a warehouse receipt, called an XAG IOU. These digital claims onto silver we custodian on our clients' behalf can be used to purchase XRP or any other asset available over the Ripple protocol.

Service Fee: flat rate of 0.02 XAG applied to each troy ounce deposited to XAGATE.

Credit Card Gateway Option

You may purchase bullion from any reputable online bullion dealer, such as silvergoldbull.com, for delivery to our vault in exchange for our XAG IOUs.

Service Fee: 2% service fee applied to the total deposited.



Withdraw Silver (XAG)

  • On bulk orders of 50 XAG or more a nominal shipping fee will apply.
  • For precious metal withdrawals, you may request to ship to your home address, work, bank, and you may request a withdrawal as a gift for shipment to a friend but under no circumstances will XAGATE ship precious metals to a P.O. box address
  • Fractional rounds and bars may be available upon request

Please include special delivery instructions (if any).


Deposit Gold (XAU)


Withdraw Gold (XAU)

Please include special delivery instructions (if any).


Deposit Platinum (XPT)


Withdraw Platinum (XPT)

Please include special delivery instructions (if any).


Deposit Palladium (XPD)


Withdraw Palladium (XPD)

Please include special delivery instructions (if any).


Cryptocurrencies

XAGATE employs the coinpayments.net payment processor to manage deposits of cryptocurrencies.

IMPORTANT: If you would like to act as a rippler, please enable Rippling when trusting our Gateway. If you do not want your XAGATE IOU balances to fluctuate with other gateways you trust of the same currency code, then disable the Rippling option when you trust our Gateway.

NXT


Minimum deposits are 150 NXT. The service fee is 1.99% plus 1.5 NXT.

Input your Ripple Address (required):




BTC


Minimum deposits are 0.005 BTC. The service fee is 0.5% plus 0.00025 BTC.


Input your Ripple Address (required):




LTC


Minimum deposits are 1 LTC. The service fee is 0.9% plus 0.0026 LTC.


Input your Ripple Address (required):




ETH


Minimum deposits are 1 ETH. The service fee is 0.55% + 0.00035 ETH.

Input your Ripple Address (required):



Withdraw Cryptocurrency

For BTC and LTC, you must specify whole numbers in the format 1.0, 10.0, and so forth.
When withdrawing an amount less than 1 BTC/LTC, please use the format 0.12345678.

Deposit Canadian Dollar
(CAD)

Please note that your bank must support Interac e-transfers to deposit. Bank wire transfers originating from the USA as a deposit method for CAD may be a possibility in the future but is currently not available. Service fees for the Interac e-Transfer method are 2$ plus any fees applied by your bank. Trust the Gateway address r3ADD8kXSUKHd6zTCKfnKT3zV9EZHjzp1S for CAD.

Please enable the rippling feature to allow other users trusting the Gateway to path-find solutions for their transactions, this allows your balance to fluctuate up to the limit you set.


Withdraw Canadian Dollar
(CAD)

The service fee is 2.50$ plus any applicable fees applied by your Bank.


Deposit United States Dollar
(USD)

Service fees for deposits are 5$ plus any fees applied by your bank. Trust the Gateway address r3ADD8kXSUKHd6zTCKfnKT3zV9EZHjzp1S only for CAD or USD transactions over Ripple. Please enable the rippling feature to allow other users trusting the Gateway to path-find solutions for their transactions, this allows your balance to fluctuate up to the limit you set.


Withdraw United States Dollar
(USD)

Please note that the minimum withdrawal is 20$USD. Withdrawals from the USD Gateway incur a 5$USD flat rate fee.

Terms of Service

XAGATE Terms of Service ("Agreement")

This Agreement was last modified on April 28, 2016 by Taylor Warden.

Please read these Terms of Service completely using XAGATE.com which is owned and operated by XAGATE. These Agreements document the legally binding terms and conditions attached to the use of the Site at XAGATE.com. By viewing or browsing the Site, or by accessing or using any Services, you are agreeing to be bound by these Terms of Service.

Intellectual Property

The Site and all of its original content are the sole property of XAGATE and are, as such, are fully protected by the appropriate international copyright and other intellectual property rights laws.

Links to Other Websites

Our Site does contain a number of links to other websites and online resources that are not owned or controlled by XAGATE.

XAGATE has no control over, and therefore cannot assume responsibility for, the content or general practices of any of these third party sites and/or services. Therefore, we strongly advise you to read the entire terms and conditions and privacy policy of any site that you visit as a result of following a link that is posted on our site.

Deposits of Precious Metals

The client, henceforth known as the Depositor, must initiate a Deposit Order by using the web form provided on the XAGATE.com home page. The Deposit Order must be initiated before the deposit can legally be received. Shipments of precious metals without a correlating Deposit Number, will not be processed and instead returned to the sender, at the sender’s cost.

Withdrawals of Precious Metals

The client, henceforth known at the Claimant, must initiate a Withdrawal Order by using the web form provided on XAGATE.com. A representative will contact you shortly after we have received and begun to process your order. Shipping fees are the Claimant’s responsibility and must be paid before the shipment of precious metals. Once the IOUs and shipping fee has been collected, your order will be marked complete and your precious metals will be shipped to you. XAGATE offers the following methods of payment for shipping fees: Interac e-transfer, cryptocurrency via coinpayments.net, or XAG.XAGATE in exchange to the current XAG/CAD market rate at the time of processing your quote.

Deposits of Digital Assets

The client, henceforth known as the Depositor, must initiate a Deposit Order by using the web form provided on the XAGATE.com for the digital asset in question. A Deposit Order must be initiated before the deposit can legally be received.

Withdrawals of Digital Assets

The client, henceforth known as the Claimant, must initiate a Withdrawal Order by using the web form provided on XAGATE.com. A representative will contact you shortly after we have received and begun to process your order. Once the IOUs have been collected from the Claimant, your digital assets will be released to the wallet provided with your Withdrawal Order.

Laws Affecting Transactions

Overview

In the case of a suspicious transaction report being required under Canadian law, as outlined in the PCMLTFR (please see below), we may require some more information via email. A transaction is defined as either a deposit or withdrawal.

Identification Requests

Clients who deposit or withdraw $10,000 of precious metals within a single transaction will be required to answer Identification questions as well as providing scans or high-resolution digital photos of documents a) Government Identification and b) proof of residency/nationality. The client will be subjected to submit their Full Name, their Full Address (including Postal/ZIP Code), Ripple address, a clear photo or scan of Proof of Identity, the last 4 digits of their Social Security Number, and a recent Utilities bill. Proof of Identity is defined as a passport, a Driver’s License, or typically any identification which includes all of the aforementioned information. A recent utilities bill is a bill which has been paid within the last 4 months at the time that the transaction was received by XAGATE. Photos which are taken with cell phones may be declined due to poor quality.

Section 1

In Accordance with Canadian Law, a large cash transaction report is submitted to FINTRAC when a reporting entity receives 10,000$ or more in cash in the course of a single transaction, or when it receives two or more cash amounts totalling 10,000$ or more made within 24 consecutive hours by or on behalf of the same individual or entity. This regulation requires XAGATE to regulate the deposit and withdrawal process of all assets, measured in Canadian Dollars, which is calculated at the time in which your order was received. This calculation will be done with the available trade data from any reputable statistics application which is available if nxtreporting.com, cavirtex.com, and/or bitstamp.com are not available to gather the required data. XAGATE is no way affiliated with any of the aforementioned web sites.

Section 2

An electronic funds transfer report is submitted to FINTRAC upon a transmission of instructions for the transfer of $10,000 or more out of or into Canada in a single transaction or in two or more transactions totalling $10,000 or more made within 24 consecutive hours by or on behalf of the same individual or entity, through any electronic, magnetic or optical device, telephone instrument or computer.

Section 3

XAGATE may be considered a dealer in precious metal and stones (DPMS). Subsection 1(2) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR) defines a DPMS as “a person or entity that, in the course of its business activities, buys or sells precious metals, precious stones or jewellery.” However, as indicated in section 39.1 of the PCMLTFR, it is only once a DPMS engages in the purchase or sale of precious metals, precious stones or jewellery in an amount of $10,000 or more in one transaction, regardless of how it is paid, that they become subject to the PCMLTFA and the obligations outlined therein. DPMS businesses are not required to register with FINTRAC.

Section 4

A suspicious transaction report is submitted to FINTRAC in respect of a financial transaction that occurs or is attempted, and for which there are reasonable grounds to suspect that the transaction is related to the commission or attempted commission of a money laundering or terrorist activity financing offence. Unlike all other reporting obligations, there is no monetary threshold associated with the reporting of a suspicious transaction.

Cryptocurrency Entrepreneurs, and other interested individuals; please refer to the

FINTRAC Annual Report for 2013-2014

Lawyers, Government officials, investors, and interested individuals; please investigate the Regulations Amending Certain Regulations Made under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, 2015

XAGATE is considered a Money Services Business under Canadian Law and is registered with FINTRAC. XAGATE may be required to submit clientele’s information as outlined above. As regulations in the future may affect XAGATE, these Terms of Service will be required to change. Please refer to the Changes to these Agreement(s) section.

Regarding the Law

These Agreements are governed in accordance with the laws of Ontario, Canada. Cryptocurrency and Money Services Businesses are a rapidly legislated and regulated industry. If you are a lawyer, investor, stakeholder, or Government regulatory agency that wishes to send an inquiry in regards to the law that may affect XAGATE or its clients in any way (where applicable) see the Contact Us section. In the case of a civil lawsuit being issued to XAGATE, the ensuing lawsuit will be heard from within a court of law based in Ontario, Canada. ALSO, ALL CONTENT, SERVICES AND FUNCTIONS ON THIS SITE, OR ANY OTHER SITE LINKED TO THIS SITE, ARE PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.

Changes to these Agreement(s)

XAGATE reserves the right to modify these Terms of Service at any time without advance notice. Your decision to continue to visit and make use of the Site an its services after such changes have been made constitutes your formal acceptance of the new Terms of Service. Therefore, we ask that you review these Agreement(s) for such changes on an occasional basis. Should you not agree to any provision of these Agreement(s) or any changes we make to these Agreement(s), we ask and advise that you do not use or continue to access the XAGATE site nor its services immediately. To clarify further, the most important modifications to these Agreement(s) will be made public knowledge via the News section.

Termination and Denial of Services

XAGATE reserves the right to terminate your access to the Site an its services, without any advance notice. XAGATE reserves the right to refuse deposits or withdrawals, without any advance notice (for example, in the instance of suspicious orders). The Gateway Operator has the sole discretion to freeze any accounts' balances for any reason without advance notice. To clarify, accounts are typically only frozen upon reception of a suspicious transaction notification or when transactions total 10,000$ within a 24 hour period. Users who have had their account(s) frozen must write to taylor@xagate.com to conduct the Extended Due Diligence Protocol.

Pricing Information

XAG

Deposits

XAG is subject to a 0.02 XAG service fee, per ounce deposited from a client’s holdings. In the case of the Credit Card Gateway option, a 2% service fee will apply for deposits originating from a reputable online bullion dealer on the total amount deposited.

Withdrawals

On bulk orders of 50 XAG or more a nominal shipping fee will apply. The shipping rate depends on the destination address. All shipping expenses are the client's obligation to pay before withdrawal. Last, the shipping rate depends on the destination address.

Limits imposed on Withdrawals

There is a minimum redemption of the XAG.XAGATE asset, which is 10 XAG. Other limits which apply are the policies reflecting suspicious transactions related to money laundering and the financing of terrorist activities. Please refer to those sections within XAGATE's terms of service for more information.

Limits imposed on Withdrawals

XAU

There is a minimum redemption of XAU, which is 5 ounces of gold. Other limits which apply are the policies reflecting suspicious transactions related to money laundering and the financing of terrorist activities. Please refer to those sections within XAGATE's terms of service for more information.

XPT

There is a minimum redemption of XPT, which is 5 ounces of platinum. Other limits which apply are the policies reflecting suspicious transactions related to money laundering and the financing of terrorist activities. Please refer to those sections within XAGATE's terms of service for more information.

XPD

There is a minimum redemption of XPD, which is 5 ounces of palladium. Other limits which apply are the policies reflecting suspicious transactions related to money laundering and the financing of terrorist activities. Please refer to those sections within XAGATE's terms of service for more information.

A Note on Withdrawal Limits

All minimum withdrawal limits are subject to change, without notice, at the time of your quote. This will occur in instances when XAGATE must abide by Canadian law and guidelines set forth by FINTRAC. Whenever a transaction notification of 10,000$CAD worth of financial instruments is initiated, a regulatory process must be upheld. Your quote will include an explanation of these regulations as well as provide you with the calculation of the new minimum and maximums for the precious metals IOUs, when required. Please refer to the Termination and Denial of Services section above.

XAU Deposits

XAU is subject to a 0.499% service fee which is applied to the total amount deposited.

XPT Deposits

XPT is subject to a 0.499% service fee which is applied to the total amount deposited.

XAU Withdrawals

Withdrawals of XAU incur a service fee of 0.499% which applies to the total withdrawal amount. The shipping rate depends on the destination address. All shipping expenses are the client's obligation to pay before withdrawal.

XPT Withdrawals

Withdrawals of XPT incur a service fee of 0.499% which applies to the total withdrawal amount. The shipping rate depends on the destination address. Withdrawals for XPT.XAGATE incur a 10$ fee for Canadian residents, 15$ fee for USA shipping, and 30$ for flat-rate worldwide shipping (plus applicable taxes).

XPD Withdrawals

Withdrawals of XPD incur a service fee of 0.499% which applies to the total withdrawal amount. The shipping rate depends on the destination address. All shipping expenses are the client's obligation to pay before withdrawal.

Cryptocurrency Deposits (BTC, LTC, NXT)

All fees are subject to change.

Service Fees:

BTC 0.5% + 0.00025BTC
LTC 0.9% + 0.0026LTC
NXT 1.99% + 1.5NXT
ETH 0.55% + 0.0035ETH
Fiat:
See Below:Flat rate 2$CAD plus fees applied by your bank, Interac e-transfer
Ripple IOUs:
XRP 0.99%
CAD.XAGATE 0.59%
BTC.SnapSwap 0.59%
USD.SnapSwap 0.59%
EUR.Bitstamp 0.59%
GBP.Bitstamp 0.59%
Minimum Deposits:
0.005BTC
150NXT
1LTC
1ETH

Deposit Instructions

Crypto Deposits [BTC, LTC, NXT, ETH]

Minimum deposits to the gateway are 0.005BTC, 1LTC, 150NXT, or 1ETH. To make a deposit, trust the gateway address rGgS5Hw3PhSp3VNT43PDTXze9YfdthHUH with no less than 0.5 BTC, 10 LTC, 150 NXT, or 5 ETH.

IMPORTANT: If you would like to act as a rippler, please enable Rippling. If you do not want your XAGATE IOU balances to fluctuate with other gateways you trust of the same currency code, then disable the Rippling option when you trust our Gateway.

Crypto Withdrawals

Withdrawals from the BTC gateway incur a 0.00025 BTC service fee.
Withdrawals of LTC gateway incur a 0.0155 LTC service fee.
Withdrawals from the NXT gateway incur a 3 NXT service fee.
Withdrawals from the ETH gateway incur a 0.60 ETH service fee.

CAD

A Royal Bank of Canada account holds clients' Canadian Dollars in custody for exchange of CAD.Rippleunion IOUs. There is a hard withdrawal limit of 250$ per day, per account. This limit may be able to be increased when an account remains in good standing with XAGATE. Limit increases my be requested via Email.

Deposit CAD

Service fees for the Interac e-Transfer method are 2$ plus any fees applied by your bank.

Redeem CAD

Interac e-Transfers have a default hard limit of 250$ per account, per day. The service fee is 2.50$.

USD

A Royal Bank of Canada account holds clients' United States Dollars in custody for exchange of USD.Rippleunion IOUs. There is a minimum withdrawal limit of 20$USD and a minimum deposit limit of 5$.

Deposit USD

Service fees for processing are 5$ plus any fees applied by your bank.

Redeem USD

The service fee for withdrawals is 5$ plus any fees applied by your bank. The minimum withdrawal limit is 20$.

About the Gateway Operator and our Public Ripple Services

XAGATE is a brand of 8569541 CANADA INC. operated by Taylor Warden in Hamilton, Ontario. 8569541 CANADA INC. is registered with the Financial Transactions and Reports Analysis Centre of Canada; our registration number M16017510. You may search for our registration information here.

My other open source projects include the QuickGatewayKit project, a resource for developers to create their own Ripple Gateway. Click here for the GitHub and here for the Showcase site. We offer a public ripple-REST server as well as a public rippled server for anyone to access. You can support these projects by donating to QGK on Bountysource.

Contact Info

If you have any questions about this Agreement or XAGATE's operations, please feel free to contact me, Taylor Warden, at taylor@xagate.com. Estimated response times will vary between 24-48 hours. All my community engagement with the Ripple community is on the official Ripple Forum, XRPchat.com, the CryptoCommunity Slack, and Twitter.com.